Leon G.
Getting out of the rental business after 10 years
10 January 2025 | 67 replies
There are some that are great for sure, but I have currently heard terrible stories about people putting money in the last 2-3 years and losing it all, capital calls and losing the whole deal due to bad bridge loans (some coming do very soon).
Rehaan Khan
New to mobile home investing, looking to network with like minded people!
24 December 2024 | 5 replies
I think this was to ensure your buyer can qualify for a loan.
Tar-U-Way Bright
How could I use my LLC
24 December 2024 | 14 replies
If you don't plan on paying cash and have to leverage with an owner-occupied loan product then you should set up your LLC as a property management company because you will not be able to borrow in the name of the LLC.
Melissa Alejandro
DSCR Loan for a Ranchette with shops & a barn
11 December 2024 | 2 replies
Hello, Is it possible to get a DSCR loan for a ranchette property?
Jonathan Greene
Don't Become a Property Hoarder or a Door Counter
3 January 2025 | 40 replies
Like I can do a BRRR on 600k property with no cash-flow or a 150k property with $300 monthly cash-flow, but do not have the same investment vehicle, and it is the same cash that is doing both, as for the 600k purchase I'd be using the same 100k towards hard money loan.
Andres Lasaga
Promissory Note Management
25 December 2024 | 3 replies
Thanks We use madison management out of Reno NV to service all of our loans.
Jorge Abreu
💰 Raising Equity: The Most Stressful Challenge
26 December 2024 | 1 reply
Additionally, a lender deposit ranging from $20,000 to $100,000 is necessary, along with a rate lock-in fee that typically amounts to 2% of the loan amountIn the process of raising equity, it's crucial to be diligent while filling out necessary forms and securing required verifications.
Erin Helle
One month left in 2024 - What are your Goals!
23 December 2024 | 20 replies
Go to Omaha and Sioux city tomorrow for inspections and client meets. 3. close new loan with my bank unsecured ( those babys can be tough to get).4. get my mind ready for 9 grandkids at the house this is the toughest one :) Patience 5. firm up goals for 25 solidify my new clients that I have gotten in Q 4 24.
Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
Here is what I learned...1) They buy properties in Ohio, and that they claim each property would deliver a 30-35%+ cash on cash return. 2) The promised 30%+ cash-on-cash return is achieved with interest only loans.
Frank Alfano
New to BiggerPockets: Seeking Tips on Private Lending - Finding Multifamily Property
22 December 2024 | 12 replies
Hi Frank, sounds like you’ve built a solid foundation and have exciting plans ahead - If you're planning to scale, you might also want to explore hard money loans or DSCR loans alongside private lending.